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200,000 women in line for automatic £13,500 average payout due to state pension error
Read the full MSE News story: 200,000 women in line for automatic £13,500 average payout due to state pension error
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Moving Money from Cash ISA into S+S ISA
Let's say I already have £25k in a cash ISA saved in previous years. I can move that sum to a S+S and I still retain my current year's £20k allowance for further investments? In other words that movement between ISA types doesn't "count" towards this year's allowance? Thanks.
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Where's The Tariff Thread Gone?
It was 100% relevant to pensions and retirement.
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on verge of retiring - rebalancing portfolio in volatile times
So I posted on this board a little over a year ago about the affordability of retiring with the savings and pensions I had. Someone gently suggested that although perhaps doable at the bottom floor of my desired income range I might be better waiting a couple more years. My situation now is: Just over 6 years to SRA (I…
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1995 NHS pension claim declined
My application for partial retirement (31/03/25) was declined. Prior to submitting my claim, I received assurances from the Pensions Team that I fit the eligibility criteria. I communicated my circumstances and plans to them. My decision to take partial retirement and reduce my hours was to care for my husband, who has…
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State Pension - Find your (pay)day of the week!
I came across this on a gov uk website and it’s not something I’ve ever heard about before, so sharing as I thought it was interesting. I can almost imagine the mainframe coders at some Govt office setting up their batch processes to efficiently manage all these payments in the 70s/80s and it never being changed since! If…
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NHS voluntary redundancy
I’ve been employed in the NHS since 1997. In 2018 I “retired and returned”, took a lump sum pension payment and returned straight back into the same job on the same benefits. At the time I had to have two weeks off and the following two weeks I could only work 16 hours each of those two weeks. After that I was back to full…
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Small Pot decline - when this year
So was looking at access to a lovely jubbly £10K small pot, which overall fund that it would be sliced from (HL SIPP) now down circa 9.5% so roughly a grand less if access made now following market slump from global tariff reactions. How long is a bit of string - who knows. I am reasonably hopeful of a fairly early; say…
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Civil Service Pension Query
Hi, Just received a quote from MyCSP for partial retirement. The final salary element of my pension has been based on a pensionable earnings figure that is about 9% less than my current salary. I realise there are different ways this figure is calculated and it won't be exactly the same as my current salary but at a…
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Legacy workplace DC pension with protected tax free cash
I have an old workplace pension which has protected tax-free cash. This protected cash is the only reason I do not transfer it to my SIPP as the workplace scheme is not very flexible. I have been in contact with the administrator with a few questions, but they avoid responding to any specific questions about my plan. The…
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Is NHS Pension Scheme taxed at source....?
....and if so, can it be paid gross? Reason for asking is I am looking at retiring abroad where they charge less income tax on earnings, so would get more bang for my buck if my pension was paid gross and I paid tax in the local country I was living. I have read somewhere that all Government pension schemes are taxed at…
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SIPP provider
I retire in two years, and have some "surplus" income in the 40% range and it seems a SIPP is the way to do this. Workplace doesn't allow salary sacrifice or pre-deduction contribution to SIP (or voluntary additional contributions to [small] workplace pension) Given that it's only two years investment, any recommendation…
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Should I take private pension now as not a tax payer or wait
I am 61 and retirement age of 67. I have retired early so not paying tax now - should I take my private work pension now due to tax (not using allowance) or wait till 67 - especially as the stock markets are tumbling that will affect to pension pot. Any comments appreciated
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Large amount of cash to reinvest soon
I was going to post this on the Trum tariff thread but it's only indirectly related. It will be an interesting time the next couple of months. Assuming our house downsize goes through, this will result in in sitting on about £300K in cash which constitutes more than 45% of our overall pot. (we also have DB pensions) Part…
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AJ Bell - should I include dealing charges in the cost of investment?
Hi all, I have a question to ask about my AJ Bell SIPP. I currently have some money sat in my SIPP account as cash & want to buy funds with some or all of it. On the Buy Funds page it asks if I want to include dealing & other charges in the total cost of investment, or exclude them and pay them on top of the amount…
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Tax info please on annual annuity payments in arrears
I am looking at buying an annuity and would prefer to get an annual payment in arrears to maximise the annuity payout - however I am only willing to this is PAYE copes with it as a full income payment for the year - ie I would be taxed in an identical manner than if i had gone for a monthly payment. I cannot be doing with…
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SIPP Charges AJ BELL and Interactive Investor ?
I have two SIPPS, AJ BELL and II. I pay in a regular £25.00PM to AJ Bell to cover the monthly costs, account charge for shares and any other trading costs. I get tax relief on my £25.00 which is £6.25. I also pay £21.99 flat fee to II every month to cover my account charges, I do not get tax relief on the £21.99 I pay to…
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FIRE - have I got enough?
I've been reading all the incredible threads on this board and wondering if what I am contemplating is doable. I could really do with the wisdom of those more experienced and knowledgeable in assessing if it's realistic.I will be 60 later this year and qualify for full state pension from 67. I would like to retire…
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Advice on how much to put into pension
I’m after advice on how much you should put into a pension if you can afford it. I’m close to retirement (54) and have enough savings to live off for at least a year, all risks aside and purely to minimise any tax liability should I put 100% of my salary into my pension (I’m on less than 60k so that’s not an issue), or…
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Turning £1m pension into cash
Hello, please be gentle with this one. My husband has a life limiting illness but has a pension pot worth in excess of £1m. He has already taken the 25% tax free element and not putting anything further into it. At present he doesn’t have an income and is self employed. His industry has been hard hit. It might be that he…
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715 discussions
6.2K comments
Most recent: When paying for NI Top-up, do you have to pay the years separately or in one? by jem16
13 October at 12:50PM
